FINE TUBES LIMITED
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Cash
£3.7M
-50.2% vs 2023
Net assets
£22M
-22.8% vs 2023
Employees
221
+1.4% vs 2023
Profit before tax
£7.3M
+24.1% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £44,015,000 | £49,670,000 | +12.8% | |
| Operating profit | £5,324,000 | £6,678,000 | +25.4% | |
| Profit before tax | £5,878,000 | £7,292,000 | +24.1% | |
| Net profit | £6,021,000 | £7,390,000 | +22.7% | |
| Cash | £7,468,000 | £3,720,000 | -50.2% | |
| Total assets less current liabilities | £31,572,000 | £24,272,000 | -23.1% | |
| Net assets | £28,812,000 | £22,243,000 | -22.8% | |
| Equity | £28,812,000 | £22,243,000 | -22.8% | |
| Average employees | 218 | 221 | +1.4% | |
| Wages | £12,041,000 | £11,818,000 | -1.9% | |
| Directors' remuneration | £218,000 | £154,000 | -29.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 12.1% | 13.4% | |
| Net margin | 13.7% | 14.9% | |
| Return on capital employed | 16.9% | 27.5% | |
| Gearing (liabilities / total assets) | 31.4% | 33.6% | |
| Current ratio | 3.50x | 3.02x | |
| Interest cover | 74.99x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors assess that with the Company's customer, industry and market diversification, the Company is well positioned to continue business. On the basis of their assessment, the directors have concluded it is appropriate for the Company's 2024 financial statements to be prepared on a going concern basis.”
Significant events
- “The Company has declared and paid interim dividends amounting to £3,300,000 in respect of the year ending 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARINO, Lynn | Secretary | 2019-06-20 | — | — |
| MILANI, Stefano | Director | 2024-05-07 | Oct 1972 | Italian |
| O'GARA, Paul | Director | 2023-05-31 | Jun 1967 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATWELL, Joy | Secretary | 2017-01-11 | 2019-06-20 |
| COLEY, David Bruce | Secretary | 2015-05-07 | 2018-04-25 |
| DAUDJEE, Hatimali Tayabali | Secretary | — | 1995-06-30 |
| DAVIES, David Huw | Secretary | 2001-11-29 | 2004-10-12 |
| DAVIS, Marshall Christopher | Secretary | 2004-10-12 | 2013-10-01 |
| EBURNE, Timothy | Secretary | 2012-09-11 | 2013-10-30 |
| FERRY, Megan A | Secretary | 2008-04-29 | 2012-09-11 |
| JOHNSON, Roger William | Secretary | 1995-06-30 | 2001-11-29 |
| MAXA, Graham | Secretary | 2013-10-30 | 2015-05-07 |
| OKONOW, Dale | Secretary | 2012-09-11 | 2013-10-30 |
| SENA, Kathryn | Secretary | 2015-05-07 | 2017-01-11 |
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2012-09-11 | 2015-05-07 |
| BLATCHFORD, David | Director | 2015-05-07 | 2017-12-01 |
| CAWSE, David Alan | Director | 2018-10-15 | 2023-07-31 |
| COLEY, David Bruce | Director | 2015-05-07 | 2018-04-25 |
| DAUDJEE, Hatimali Tayabali | Director | — | 1995-06-30 |
| DAY, Ronen | Director | 2004-11-23 | 2015-05-07 |
| EBURNE, Timothy | Director | 2013-10-30 | 2015-05-07 |
| GOULD, Peter Graham | Director | 2001-11-29 | 2012-09-11 |
| GRANT, William Kinell | Director | 1996-08-30 | 2000-05-18 |
| HENNING, Anthony Richard | Director | — | 1991-12-31 |
| HOWLEY, Andrew Michael | Director | 2000-05-18 | 2001-11-29 |
| JOHNSON, Roger William | Director | 1995-06-30 | 2006-03-27 |
| KAROL, Steven Edward, Mr. | Director | 2012-09-11 | 2015-05-07 |
| KELLY, Paul Edward | Director | 1991-12-27 | 1995-05-23 |
| KIERNAN, Peter Joseph | Director | 1991-12-27 | 1995-10-20 |
| MORRASH, John Michael | Director | 2001-11-29 | 2012-09-11 |
| OKONOW, Dale | Director | 2013-10-30 | 2015-05-07 |
| SANDOR, Thomas Laszlo | Director | 1995-10-20 | 1999-11-01 |
| SPERANZA, Emanuela | Director | 2015-05-07 | 2024-05-07 |
| STAM, Jeffrey Hendrik | Director | 2001-11-29 | 2004-10-15 |
| WARDEN, William Gray | Director | 1995-10-20 | 2012-09-11 |
| WILSON, Bruce Peter | Director | 2018-04-25 | 2018-10-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tubes Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 191 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2021-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-16 | AA | accounts | Accounts with accounts type full | |
| 2021-05-12 | CH03 | officers | Change person secretary company with change date | |
| 2021-05-12 | CH01 | officers | Change person director company with change date | |
| 2021-04-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-12-23 | AA | accounts | Accounts with accounts type full | |
| 2020-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-31 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.